Independent Banker - December 2022 - 61

experience and ideas to the table.
A merger is a prime time to bring
new and established members
into a combined board that honors
experience and helps the new entity
plan for future success. One way
to do this is by adding people with
diverse experience and career paths
to the new board, says Joshua M.
Juergensen, principal, fi nancial
institutions at CliftonLarsonAllen
LLP in Minneapolis. Start identifying
these potential board member
candidates-internal and external-as
early as possible in the M&A process,
he advises.
Next, consider sending these
individuals to ICBA LEAD FWD
Summits, ICBA LIVE and other
industry leadership events for
further education and training and
to take advantage of networking
opportunities. " There's a lot of
value in sending up-and-coming
generations to various ICBA events, "
says Juergensen, who feels that
the industry as a whole needs to
do a better job of helping these
individuals set career paths and
work toward leadership roles in
community banking.
" We need to help them see the
value of being in the banking industry,
because without that, we're not
going to be able to retain the next
generation of banking leaders who
are currently in school, " Juergensen
says. " They need to see the value of
being in the industry and serving as
leaders, directors, board members
and chairmen of the board. "
Striking the right balance
To banks that are working through the
post-merger board succession process
or planning an M&A transaction soon,
Tuck says the most successful deals
usually involve some level of give and
take. Sellers want to feel good about
the process itself and their banks'
futures, and buyers want to know that
they've acquired a valuable asset that
will succeed over time. The board
plays a crucial role in making that
happen and should be a top-of-mind
consideration as a bank works its way
through the process.
" Communication is key as you work
through the M&A process and try to
understand the buyer's and seller's
position and then try to synthesize
those to get the best possible result, "
Tuck says. " That doesn't mean
everyone will get everything that they
want, but it does mean that you have
to strike the right balance between the
competing interests. "
Bridget McCrea is a writer in Florida.
Communication is key as you
work through the M&A process
and try to understand the
buyer's and seller's position and
then try to synthesize those to
get the best possible result.
-Greyson Tuck, Gerrish Smith Tuck
Consultants and Attorneys
independentbanker.org Q 55

http://www.independentbanker.org

Independent Banker - December 2022

Table of Contents for the Digital Edition of Independent Banker - December 2022

Table of Contents
Independent Banker - December 2022 - Cover1
Independent Banker - December 2022 - Cover2
Independent Banker - December 2022 - Table of Contents
Independent Banker - December 2022 - 2
Independent Banker - December 2022 - 3
Independent Banker - December 2022 - 4
Independent Banker - December 2022 - 5
Independent Banker - December 2022 - 6
Independent Banker - December 2022 - 7
Independent Banker - December 2022 - 8
Independent Banker - December 2022 - 9
Independent Banker - December 2022 - 10
Independent Banker - December 2022 - 11
Independent Banker - December 2022 - 12
Independent Banker - December 2022 - 13
Independent Banker - December 2022 - 14
Independent Banker - December 2022 - 15
Independent Banker - December 2022 - 16
Independent Banker - December 2022 - 17
Independent Banker - December 2022 - 18
Independent Banker - December 2022 - 19
Independent Banker - December 2022 - 20
Independent Banker - December 2022 - 21
Independent Banker - December 2022 - 22
Independent Banker - December 2022 - 23
Independent Banker - December 2022 - 24
Independent Banker - December 2022 - 25
Independent Banker - December 2022 - 26
Independent Banker - December 2022 - 27
Independent Banker - December 2022 - 28
Independent Banker - December 2022 - 29
Independent Banker - December 2022 - 30
Independent Banker - December 2022 - 31
Independent Banker - December 2022 - 32
Independent Banker - December 2022 - 33
Independent Banker - December 2022 - 34
Independent Banker - December 2022 - 35
Independent Banker - December 2022 - 36
Independent Banker - December 2022 - 37
Independent Banker - December 2022 - 38
Independent Banker - December 2022 - 39
Independent Banker - December 2022 - 40
Independent Banker - December 2022 - 41
Independent Banker - December 2022 - 42
Independent Banker - December 2022 - 43
Independent Banker - December 2022 - 44
Independent Banker - December 2022 - 45
Independent Banker - December 2022 - 46
Independent Banker - December 2022 - 47
Independent Banker - December 2022 - 48
Independent Banker - December 2022 - 49
Independent Banker - December 2022 - 50
Independent Banker - December 2022 - 51
Independent Banker - December 2022 - 52
Independent Banker - December 2022 - 53
Independent Banker - December 2022 - 54
Independent Banker - December 2022 - 55
Independent Banker - December 2022 - 56
Independent Banker - December 2022 - 57
Independent Banker - December 2022 - 58
Independent Banker - December 2022 - 59
Independent Banker - December 2022 - 60
Independent Banker - December 2022 - 61
Independent Banker - December 2022 - 62
Independent Banker - December 2022 - 63
Independent Banker - December 2022 - 64
Independent Banker - December 2022 - 65
Independent Banker - December 2022 - 66
Independent Banker - December 2022 - 67
Independent Banker - December 2022 - 68
Independent Banker - December 2022 - 69
Independent Banker - December 2022 - 70
Independent Banker - December 2022 - 71
Independent Banker - December 2022 - 72
Independent Banker - December 2022 - 73
Independent Banker - December 2022 - 74
Independent Banker - December 2022 - 75
Independent Banker - December 2022 - 76
Independent Banker - December 2022 - 77
Independent Banker - December 2022 - 78
Independent Banker - December 2022 - Cover3
Independent Banker - December 2022 - Cover4
https://www.nxtbook.com/mspc/independentbanker/october2024
https://www.nxtbook.com/mspc/independentbanker/september2024
https://www.nxtbook.com/mspc/independentbanker/august2024
https://www.nxtbook.com/mspc/independentbanker/july2024
https://www.nxtbook.com/mspc/independentbanker/june2024
https://www.nxtbook.com/mspc/independentbanker/may2024
https://www.nxtbook.com/mspc/independentbanker/april2024
https://www.nxtbook.com/mspc/independentbanker/march2024
https://www.nxtbook.com/mspc/independentbanker/february2024
https://www.nxtbook.com/mspc/independentbanker/january2024
https://www.nxtbook.com/mspc/independentbanker/december2023
https://www.nxtbook.com/mspc/independentbanker/november2023
https://www.nxtbook.com/mspc/independentbanker/october2023
https://www.nxtbook.com/mspc/independentbanker/september2023
https://www.nxtbook.com/mspc/independentbanker/august2023
https://www.nxtbook.com/mspc/independentbanker/july2023
https://www.nxtbook.com/mspc/independentbanker/june2023
https://www.nxtbook.com/mspc/independentbanker/may2023
https://www.nxtbook.com/mspc/independentbanker/april2023
https://www.nxtbook.com/mspc/independentbanker/march2023
https://www.nxtbook.com/mspc/independentbanker/february2023
https://www.nxtbook.com/mspc/independentbanker/january2023
https://www.nxtbook.com/mspc/independentbanker/december2022
https://www.nxtbook.com/mspc/independentbanker/november2022
https://www.nxtbook.com/mspc/independentbanker/october2022
https://www.nxtbook.com/mspc/independentbanker/september2022
https://www.nxtbook.com/mspc/independentbanker/august2022
https://www.nxtbook.com/mspc/independentbanker/july2022
https://www.nxtbook.com/mspc/independentbanker/june2022
https://www.nxtbook.com/mspc/independentbanker/may2022
https://www.nxtbook.com/mspc/independentbanker/april2022
https://www.nxtbook.com/mspc/independentbanker/march2022
https://www.nxtbook.com/mspc/independentbanker/february2022
https://www.nxtbook.com/mspc/independentbanker/january2022
https://www.nxtbook.com/mspc/independentbanker/december2021
https://www.nxtbook.com/mspc/independentbanker/november2021
https://www.nxtbook.com/mspc/independentbanker/october2021
https://www.nxtbook.com/mspc/independentbanker/september2021
https://www.nxtbook.com/mspc/independentbanker/august2021
https://www.nxtbook.com/mspc/independentbanker/july2021
https://www.nxtbook.com/mspc/independentbanker/june2021
https://www.nxtbook.com/mspc/independentbanker/may2021
https://www.nxtbook.com/mspc/independentbanker/april2021
https://www.nxtbook.com/mspc/independentbanker/march2021
https://www.nxtbook.com/mspc/independentbanker/february2021
https://www.nxtbook.com/mspc/independentbanker/january2021
https://www.nxtbook.com/mspc/independentbanker/december2020
https://www.nxtbook.com/mspc/independentbanker/november2020
https://www.nxtbook.com/mspc/independentbanker/october2020
https://www.nxtbook.com/mspc/independentbanker/september2020
https://www.nxtbook.com/mspc/independentbanker/august2020
https://www.nxtbook.com/mspc/independentbanker/july2020
https://www.nxtbook.com/mspc/independentbanker/june2020
https://www.nxtbook.com/mspc/independentbanker/may2020
https://www.nxtbook.com/mspc/independentbanker/april2020
https://www.nxtbook.com/mspc/independentbanker/march2020
https://www.nxtbook.com/mspc/independentbanker/february2020
https://www.nxtbook.com/mspc/independentbanker/january2020
https://www.nxtbook.com/mspc/independentbanker/december2019
https://www.nxtbook.com/mspc/independentbanker/november2019
https://www.nxtbook.com/mspc/independentbanker/october2019
https://www.nxtbook.com/mspc/independentbanker/september2019
https://www.nxtbook.com/mspc/independentbanker/august2019
https://www.nxtbook.com/mspc/independentbanker/july2019
https://www.nxtbook.com/mspc/independentbanker/june2019
https://www.nxtbook.com/mspc/independentbanker/may2019
https://www.nxtbook.com/mspc/independentbanker/april2019
https://www.nxtbook.com/mspc/independentbanker/march2019
https://www.nxtbook.com/mspc/independentbanker/february2019
https://www.nxtbook.com/mspc/independentbanker/january2019
https://www.nxtbook.com/mspc/independentbanker/december2018
https://www.nxtbook.com/mspc/independentbanker/november2018
https://www.nxtbook.com/mspc/independentbanker/october2018
https://www.nxtbook.com/mspc/independentbanker/september2018
https://www.nxtbook.com/mspc/independentbanker/august2018
https://www.nxtbook.com/mspc/independentbanker/july2018
https://www.nxtbook.com/mspc/independentbanker/june2018
https://www.nxtbook.com/mspc/independentbanker/may2018
https://www.nxtbook.com/mspc/independentbanker/april2018
https://www.nxtbook.com/mspc/independentbanker/march2018
https://www.nxtbook.com/mspc/independentbanker/february2018
https://www.nxtbook.com/mspc/independentbanker/january2018
https://www.nxtbook.com/mspc/independentbanker/december2017
https://www.nxtbook.com/mspc/independentbanker/november2017
https://www.nxtbook.com/mspc/independentbanker/october2017
https://www.nxtbook.com/mspc/independentbanker/september2017
https://www.nxtbook.com/mspc/independentbanker/august2017
https://www.nxtbook.com/mspc/independentbanker/july2017
https://www.nxtbook.com/mspc/independentbanker/june2017
https://www.nxtbook.com/mspc/independentbanker/may2017
https://www.nxtbook.com/mspc/independentbanker/april2017
https://www.nxtbookmedia.com